+ Watch EC
on My Watchlist
Good financials and it is at a 52 week low
fair value for this stock is 45-to 48, at current price is over sold and a good bargain to pick up
EC should be a strong performer. Colombia has a growing economy and unlike most Latin America countries, it has ALWAYS been pro-business. and it is political stable (since 1958). While Ecopetrol does a strong labor union, the government does not interfere with oil pricing or require subsidies in the way that other countries do. And a lot of the Colombian elite own share as well...With good profits and a good dividend, the company is a bargain.
7 month chart base + columbian energy/oil = outperform
low PEG, strong price uptrend
Columbia is making significant economic progress, security is rapidly improving, lots of capital going into the resource sector, and this is the biggest Columbian company. Negative - nearly 90% owned by government.
I think oil price will increase. I think Ecopetrol will increase its oil production this year
Colombia economy was heating up when the world recession hit. Great play when world economy rebounds and a hedge against dollar inflation.
As of today the market cap is 708.26B which is almost DOUBLE of Exxon Mobil. Whoever is buying this stock knows something we don't know.
note that the market cap shown by yahoo or caps is wrong; google shows it as $30B.
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